Business law is the major subject in the law. It is a branch of law that examines topics that impact the operation of a business. In this above presentation, I have listed some important functions of Business law, which can be very useful for he laws aspirants.

1. Characteristics of the BUSINESS LAW

2. Business law is that branch of law which is concerned with
business entities like companies and partnerships.
Business entities play an important role in the society and
significantly impact the economy of a nation. There are
diverse means by which they transact which each other
and with other entities in society.

3. Law therefore steps in to define their rights and obligations
with a view to protecting their interests and of those who
deal with them. In fact, the very creation of businesses is
governed by business law.
Any transaction or phenomenon that may affect the
activities of businesses is a part of business law.
Business law is a vast legal discipline and encompasses
within its ambit a large variety of laws like
 contract law
 intellectual property law
 securities law
 employment law
 to name a few.

4. While the terms ‘business law’ and ‘commercial law’ are
often used interchangeably, certain jurisdictions do
consider the two to be somewhat distinct areas of law,
but nevertheless intricately connected.
Every aspect of a business is associated with legal
consequences. Right from the creation to the dissolution of
the business, nothing can be done in disregard of the legal
principles enshrined under the area of business law.

5.  With the ever increasing focus on the growth of the
economy
 particularly given the current economic scenario
 business laws have come to play a uniquely significant
role in the contemporary times.
A business entity cannot hope to be successful without
keeping itself updated with the various business laws.
It also makes businesses responsible towards and
accountable to the nation at large.

6. For further information about
BUSINESS LAW
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